Summary
According to Bloomberg Intelligence analyst James Seyffart, Bitcoin ETFs experienced a net outflow of $158 million on Wednesday. CoinDesk data also shows a decline in the total amount of Bitcoin held by these ETFs, with a decrease of around 11,000 tokens in a week.
Key Points
1. According to data collected by Bloomberg Intelligence analyst James Seyffart, the 10 spot bitcoin ETFs (GBTC included) experienced a net outflow of $158 million on Wednesday.
2. CoinDesk’s analysis of the issuers’ websites reveals that the total bitcoin held by all of the spot ETFs (GBTC included) as of January 24 was around 649,000, compared to over 660,000 a week earlier. This indicates a decline of approximately 11,000 tokens.
3. It is important to note that day-to-day flows in the cryptocurrency market can be volatile and subject to change.